SHFE Tin to Face Downward Pressure (2017-8-15)

Published: Aug 15, 2017 09:42

Save

LME tin will test support at USD 20,200/mt and resistance at USD 20,500/mt today.

SHANGHAI, Aug. 15 (SMM) –LME tin will test support at USD 20,200/mt and resistance at USD 20,500/mt today. SHFE 1709 tin touched a low of RMB 143,000/mt overnight. The contract will head to RMB 141,000/mt if it fails to hold onto RMB 143,000/mt, and should move mainly at RMB 143,000-145,000/mt today.

In Shanghai spot tin market, weak SHFE tin and wait-and-see sentiment will push mainstream traded prices down to RMB 144,500-145,500/mt today.

Key Macroeconomic Indicators for Base Metal Prices (2017-8-15)

LME tin prices SHFE tin prices tin prices Sn price base metal price forecast

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or to learn more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

1 hour ago

Data: SHFE, DCE market movement (Mar 24)

The following table shows the ferrous and nonferrous metals movement on the SHFE and DCE on 24 Mar , 2026

1 hour ago

5 hours ago

SHFE Tin Pulled Back Under Pressure in Early Trading After Rebounding, Spot Transactions Weakened [SMM Tin Midday Commentary]

[SMM Tin Midday Commentary: SHFE Tin Pulled Back Under Pressure in Early Trading After Rebounding, and Spot Transactions Weakened]

5 hours ago

7 hours ago

[SMM Tin Bulletin: Sinnet: As of now, the company has put into operation more than 82,000 cabinets, with a rack utilization rate of approximately 60%]

Regarding the question of “how many cabinets the company is expected to launch this year,” Sinnet stated on the interactive platform on March 23 that, as of now, the company had put into operation more than 82,000 cabinets, with a rack utilization rate of approximately 60%. In 2026, the company will continue to advance the construction of its data centers under development in an orderly manner, ensure the on-schedule delivery of orders on hand, and further improve the rack utilization rate of the cabinets already put into operation.

7 hours ago